As The New York Times Co. continues to see its newspaper holdings shed money, the company is looking to move one of its profitable ventures. According to The Wall Street Journal, The Times Co. wants to sell its 17.5 percent stake in the Red Sox for $300 million. While Barclays Capital believes this share to be worth about $166 million, The Times is shooting for the stars in a bad economy. If they are successful in getting their asking price, the Red Sox as a whole would be worth around $1.7 billion. Fundraiser, anyone?
River Ave. Blues » Times’ share of Red Sox for sale